WIN Metals Advances Butchers Creek with 86% Indicated Resource Surge
WIN Metals has significantly boosted its Butchers Creek Gold Project resource, increasing indicated gold ounces by 86% to 258,000oz, while step-out drilling extends mineralisation beyond previous boundaries. This positions the project strongly for upcoming economic evaluation.
- Butchers Creek updated Mineral Resource Estimate: 5.23Mt @ 1.91g/t Au for 321,000oz gold
- Indicated resource category increased by 86% to 3.58Mt @ 2.24g/t Au for 258,000oz
- Step-out drilling confirms mineralisation extends 260m beyond 2021 resource limits
- Golden Crown satellite deposit shows high-grade growth potential
- Corporate updates include $1.972m cash position and launch of new InvestorHub platform
Resource Upgrade Signals Project Momentum
WIN Metals Ltd (ASX: WIN) has delivered a compelling update on its flagship Butchers Creek Gold Project in Western Australia's Kimberley region. The company reported a substantial increase in its Mineral Resource Estimate (MRE), with the indicated resource category surging by 86% to 258,000 ounces of gold at a grade of 2.24 grams per tonne. This upgrade lifts the global MRE to 359,000 ounces, underpinning confidence as WIN prepares for economic evaluation studies.
The enhanced resource base reflects both the conversion of inferred ounces into the higher-confidence indicated category and the addition of new mineralisation identified through recent drilling campaigns. The Butchers Creek deposit now boasts 5.23 million tonnes at 1.91g/t gold, with 80% classified as indicated, a critical threshold for advancing development plans.
Step-Out Drilling Extends Mineralisation
Key to the resource growth was the success of step-out drilling, which confirmed that mineralisation extends at least 260 metres beyond the southern boundary defined in the 2021 MRE. Drill hole 24BCRCD008 intersected a high-grade zone of 11 metres at 3.01g/t gold within a broader 16.52-metre interval averaging 2.10g/t. This discovery not only expands the known footprint of the deposit but also highlights the potential for further resource growth at depth and along strike.
WIN Metals is also advancing exploration at its Golden Crown satellite deposit, where recent drilling returned impressive intercepts such as 6 metres at 10.85g/t gold. The company plans a focused 2025 drill program targeting high-priority growth areas, supported by a scheduled heritage survey to facilitate access.
Broader Portfolio and Corporate Developments
Beyond gold, WIN Metals maintains significant nickel and lithium assets in Western Australia. The Mt Edwards Nickel Project holds a total resource of over 13 million tonnes grading 1.45% nickel, while the Faraday-Trainline Lithium Project hosts nearly 2 million tonnes at 0.69% lithium oxide. Although no new exploration was reported for these projects during the quarter, ongoing testwork and scoping studies continue to assess their development potential.
On the corporate front, WIN Metals reported a cash balance of $1.972 million as of 31 March 2025, reflecting prudent cost management and asset utilisation. The company also launched a new InvestorHub platform aimed at enhancing shareholder communication and engagement, signaling a commitment to transparency as it advances its projects.
Looking Ahead
With the Butchers Creek resource upgrade and exploration success, WIN Metals is well positioned to progress towards economic evaluation and potential development. The combination of a growing resource base, promising drill results, and a supportive gold price environment sets a positive backdrop for the company’s next phase of growth.
Bottom Line?
WIN Metals’ resource expansion and exploration success at Butchers Creek set the stage for critical economic studies and potential development milestones.
Questions in the middle?
- What timelines and parameters will WIN Metals set for its upcoming economic evaluation studies at Butchers Creek?
- How might further step-out drilling and exploration at Golden Crown influence the overall project economics?
- What are the prospects and strategic plans for advancing the Mt Edwards Nickel and Faraday-Trainline Lithium projects?
